US stock market slides after Beijing announces 25% tariffs on a range of American imports, fuelling fears of a full-blown trade warWall Street slides in early tradingSummary: America and China move closer to a trade warTrump: We’ve already lost the trade warChina: Tariffs on US soybeans, aircraft, cars…..Why soybeans are a big dealMove comes after US announced new tariffs on $50bn of China goods 3.04pm BST 2.51pm BST This is turning into a broad-based rout.Each of the 30 blue-chip companies which makes up the Dow has fallen into the red. Continue reading…
Via: Wall Street tumbles as China-US tariffs fuel trade war fears – business live

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